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Vol 67 No 10

Published 15th May 2026


Ghana

Damang is only the beginning

The transfer of a gold mine to the President’s brother is a blip on the radar as the country sprints towards resource nationalism

The takeover of the Damang mine by Engineers & Planners (E&P) from South African-registered Gold Fields last month underscores the government’s resource nationalism drive but raises tricky legal and political questions. One concern is that the campaign is being led commercially by President John Dramani Mahama’s brother Ibrahim, the majority shareholder of E&P. E&P is a wholly owned subsidiary of Dzata Group Holdings, which separately bought the Black Volta and Sankofa gold projects for US$100 million. Ibrahim is now the country’s biggest individual mining investor, making him a target of opposition complaints about weak accountability and fears the deals could deter investors.

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